Dow Chemical and partners to collaborate on composite materials and solutions in Russia

The Dow Chemical Company, DowAksa Advanced Composites Holdings B.V., RUSNANO, and Holding Company Composite (HCC) signed a memorandum of intent (MOI) to develop a comprehensive strategy to launch production of carbon fiber intermediates, composite materials, and solutions in Russia.  

The strategy presupposes potential investments in Prepreg-ACM and Nanotechnology Center of Composite, two Russian companies with co-investment from RUSNANO. The parties have agreed to explore opportunities in the areas of aerospace, infrastructure, energy, oil & gas, and transportation, and to explore supplying both the Russian domestic and global markets. 

The document signed is another important milestone in the parties’ cooperation, emphasizing the intentions earlier outlined in the 2011 MOU between Dow and RUSNANO on potential joint projects in the areas of energy efficiency, infrastructure, lightweight materials, and life sciences, as well as plans by DowAksa and HCC to consider carbon fiber manufacturing in Russia.  

The 2013 MOI was signed at the World Economic Forum in Davos, Switzerland, by Andrew N. Liveris, Dow’s Chairman and Chief Executive Officer; Anatoly Chubais, RUSNANO CEO and Chairman of Executive Board; Leonid Melamed, CEO of HCC; Heinz Haller, Dow’s Executive Vice President, Chief Commercial Officer, President Dow Europe, Middle East and Africa and Chairman of DowAksa Board of Directors; and Mehmet Ali Berkman, Chairman of Aksa Board and Deputy Chairman of DowAksa Board of Directors.  

At the meeting preceding the signing ceremony, Dow and RUSNANO discussed potential cooperation between Dow and RM Nanotech, a RUSNANO portfolio company. 

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